Petrochemical shares dragged down the Saudi index on Sunday, which fell 1.0 percent. Shares in the petrochemical sector were hit by a fall in oil prices.

Al Tayyar Travel closed 1.7 percent lower. It reported that its annual net profit shrank to 497 million riyals ($132.5 million) from 814 million riyals; fourth-quarter profit was 17 million riyals, far below NCB Capital's prediction of 113 million riyals for the quarter.

Dubai’s index edged down 0.2 percent as Emaar Properties fell 1.2 percent after the company said it made a net profit of $1.55 billion in 2017. Emaar is expected to formally release annual earnings in the coming days.

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